The NMP Blog

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage (UWM)

Submitted by on Thu, 2016/02/11 - 2:27pm

On the Feb. 1 episode of my Lykken on Lending podcast, we had the opportunity to discuss the state of mergers and acquisitions in the mortgage industry with M&A expert Chuck Klein. Recently, we've seen a lot of activity in the realm of mergers and acquisitions. So, we asked Chuck why this is happening? What is causing so many companies in the mortgage industry to buy and sell?

Submitted by on Thu, 2016/02/11 - 12:17pm

Yesterday, the FHA sent out the following announcement:

Property Eligibility Requirements Reminder for Properties Affected by Water Contamination
The Federal Housing Administration (FHA) recognizes the concerns over the quality of water that has had a negative impact not only on the residents and families in Genesee County, Michigan, especially Flint, Michigan, but also onhome sales and mortgage lending in this area.

Submitted by on Tue, 2016/02/09 - 3:41pm

On the Feb. 1 episode of my Lykken on Lending podcast, we had John Maynell on to share Motivity's "Key Performance Indicator" of the week. John shared an important metric called the "underwriting to clear-to-close pull-through ratio." Basically, this metric measures the percentage of loans sent to underwriters that are actually closed.

Submitted by on Tue, 2016/02/09 - 2:37pm

On the Jan. 25 episode of my Lykken on Lending radio show, we briefly discussed the communications struggle between real estate agents and mortgage professionals. On one of the news sites that we follow, an agent had made the claim that lenders are notoriously bad for maintaining good communication with realtors throughout the loan process. And, with the implementation of TRID, this tension has only exacerbated.

Submitted by on Fri, 2016/02/05 - 1:58pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage (UWM)

Submitted by on Thu, 2016/02/04 - 3:09pm

Each week on my Lykken on Lending Internet radio show, one of our sponsors has an opportunity to air a brief commercial. But, rather than using the air time, to run a promotional message, this particular sponsor shares a new tip to help mortgage professionals become more successful in their work. I think we can all learn a lesson from this practice.

In the broader business world, there has been a trend in recent years toward embracing content marketing. Basically, the thinking is that there are two ways to bring attention to your company with your messaging:

Submitted by on Tue, 2016/02/02 - 2:43pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage (UWM)

Submitted by on Thu, 2016/01/28 - 3:35pm

Each week on my Lykken on Lending podcast, we are blessed to have Motivity Solutions share a key performance indicator for the industry. On the Jan. 18 episode, the KPI discussed was important in identifying training opportunities. And, that got me thinking about the importance of monitoring employee performance.

Submitted by on Thu, 2016/01/28 - 2:17pm

On the Jan. 18 episode of my Lykken on Lending podcast, we were discussing some of the current news headlines in the mortgage industry—and one event in particular stood out to me. A certain mortgage company had just promoted a man to president who had been with the company since 1983. Over three decades of service, and this company gave the employee his dues.

Submitted by on Tue, 2016/01/26 - 2:13pm

Pages